Ripple is under serious threat as IBM joins forces with major banks to issue cryptocurrencies. In a Bloomberg report, IBM revealed it was in talks with two “major US banks” to issue a cryptocurrency for internal and remittance payments. The IBM initiative, which is powered by Stellar’s blockchain, is a huge threat to Ripple. Ripple has always positioned itself and its associated cryptocurrency XRP as the future standard for banking remittance payments. If banks create their own blockchain solutions for instant payments, is Ripple obsolete? It’s official: IBM is open for business in payments with World Wire in 72 countries

The post The Ripple Killer? IBM in Talks with Two Major US Banks to Create Cryptocurrencies appeared first on CCN

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